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Business

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Revenue Body Recovers Rwf1.2 billion from Tax Defaulters

Revenue Body Recovers Rwf1.2 billion from Tax Defaulters

Rwanda Revenue Authority says it has recovered Rwf1. 217 billion ($1.4million) from tax defaulters with 70% of it being illegal trade of imported second hand clothes locally known as…

Health Volunteers Launch Multi million Commercial Complex

Health Volunteers Launch Multi million Commercial Complex

Community Health Workers in Karongi District have set the bar for their counterparts across the country which is poised to change the way society perceives them. The 1,611 community…

Cooperative Bank Set to Start Operations Soon

Cooperative Bank Set to Start Operations Soon

The proposed Cooperative Bank is scheduled to start operations very soon, KTPress has reliably learnt. “It has not been easy. But within a month from now, we can predict that…

African Countries to Get a Boost from NASDAQ Joint Agenda

African Countries to Get a Boost from NASDAQ Joint Agenda

September 18th in New York, officials from NEPAD, CEOs and African leaders met at NASDAQ headquarters to launch a campaign that could see Africa finance its stalling bankable projects. In…

Are Banks Mistreating their Clients?

Are Banks Mistreating their Clients?

It is Monday morning at one of the biggest banks in Rwanda’s capital Kigali. Dozens of customers queue inside the banking hall. They are here for different services; such…

Kagame to Speak at U.S -Africa Business Dialogue

Kagame to Speak at U.S -Africa Business Dialogue

President Paul Kagame will next week speak at the Presidential Dialogue on the Future of U.S – Africa Business Relations in New York. A statement by the Corporate Council on…

Rwanda, Korea Telecom in Deal to Install ATMs at all SACCOs

Rwanda, Korea Telecom in Deal to Install ATMs at all SACCOs

All savings and credit banks-(Saccos) across the country could have ATM machines installed and connected to 4G online internet banking system by next year. After attaining 85% coverage of…

REMA Embarks on Crackdown of Wetland Encroachers

REMA Embarks on Crackdown of Wetland Encroachers

Government of Rwanda has embarked on the task of closing all businesses and structures situated in areas gazetted as wetlands. According to authorities, previous sensitization efforts to woo occupants to…

Chinese Investor, Rwanda ink $1Billion Deal to Establish Electronics Factory

Chinese Investor, Rwanda ink $1Billion Deal to Establish Electronics Factory

By April next year, Rwandans could start buying locally-manufactured electronic gadgets including cell phones and laptops, following a $1 billion venture by Chinese investors. Huajian Group – a China-based…

RDB Creates Shortcut to Solve Investors Problems

RDB Creates Shortcut to Solve Investors Problems

It’s Friday, a dozen foreign investors are seated waiting inside an air-conditioned conference hall at Rwanda Development Board (RDB). It is ‘Investor Open Day’ which…

How Egyptian Exhibitor Almost Settled in Rwanda

How Egyptian Exhibitor Almost Settled in Rwanda

When Rwanda launched an international Trade fair twenty years ago, little did the organisers know that it would have a great impact. Ihab Saidi an Egyptian and a dealer in…

Rwanda’s Economy Projected to Grow at 6.2% – World Bank

Rwanda’s Economy Projected to Grow at 6.2% – World Bank

Rwanda’s economy has featured among the highest growing in a World Bank report and is projected to grow at 6.2% rate this year. According to 10th edition…